Mga Entertainment 401(k) Review & Grade
Mga Entertainment Inc. Employee Savings Plan
Chatsworth, CAManufacturing843 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,237Employer $ per active participant
$7,268Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$87.6MNet plan assets, end of year
$82,015Average balance per account
Score breakdown
- Employer generosity24.2 / 5048th percentile for employer $ per participant
- Low cost13.0 / 2552th percentile for low admin cost vs. same-size plans
- Employee saving11.3 / 1576th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 48th |
| Lower admin cost | 52th |
| Employee saving | 76th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $30,852 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Mga Entertainment put in about $2,237 per active participant, below the typical peer ($2,320). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,885,495 |
| Participant (employee) contributions | $6,126,936 |
| Other contributions (incl. rollovers in) | $672,648 |
| Administrative expenses paid from the plan | $174,665 |
| Investment advisory & management fees | $77,425 |
| Benefits paid out | $4,595,313 |
| Net assets, start / end of year | $74.7M / $87.6M |
| Active participants, start / end of year | 785 / 901 |
| Participants with account balances | 1,068 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Miller Kaplan Arase LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $97,259 reported compensation |
| Capfinancial Partners LLC | $60,000 reported compensation |
| Strategic Advisors, Inc. | $17,425 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015133313NAL0004686065001, received 2025-10-15, EIN 95-3726898, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.